Consider a firm whose value of assets is V0=100 at t=0. The firm issues a 2-year zero-coupon bond with face value, F=90 at t=0. The continuously-compounded, annualized risk-free rate is r=3%, and the continuously-compounded, annualized expected return on assets is 6%. The daily volatility of the firm's assets value is 0.9%. What is the annualized volatility of the firm's assets' value? Assume there are 252 business days in a year. What is the probability of default for the firm at t=2 when the zero coupon bond matures. Compute this probability using the Merton model.